However, if you sell instead of rebuilding, the IRS may include part of the payout in your taxable gain unless reinvested under the §1033 involuntary conversion rules, which allow you to defer taxes by purchasing a similar property within two years.If the property was your primary residence, you may exclude up to $250K (single) or $500K (married) of gains if you lived there for at least 2 of the last 5 years, likely resulting in no taxes owed.

For new builds and some rehabs they are vented but in some conversions or apartment remodels I will opt for the ventless units.

This conversion will begin at the end of the month.I am just sharing the above to give context to my level of experience with this type of investment.I look forward to hearing from you all.

If you approach the conversation by first finding out their goals, then you can back into a strategy that will work for the both of you.

I’d be happy to have a conversation about the current inventory and investment opportunities in the area.

But I just want to start the conversation so we can negotiate the terms so it's beneficial for both parties.

Looks like a number of Real Estate CPAs commented in this thread - reach out to a few to kick-off the conversation 

I'm still using it for flips and other investments but not trying to be long HELOC loans as 10% is still expensive money.If you want to talk more, I'd be happy to have a conversation.

I HIGHLY recommend you have a conversation with an attorney. 

Is it possible to have a phone conversation?